Russian billionaire sells airline for 1 ruble

Airline grounded following fatal crash in 2012

The Moscow-based airline grounded following the fatal crash of one of its aircraft last year has reportedly been sold for one ruble, the equivalent of less than a Swedish, Danish or Norwegian krona. Russian billionaire Alexander Lebedev announced the sale of his carrier Red Wings to a group of unnamed investors on Twitter.
A Red Wings Tupolev crashed at Moscow’s third airport, Vnukovo, in December. No passengers were on board but five crew members were killed. Russian regulators suspended its operations earlier this year. It operated a fleet of eight TU-204 jets.
TTG Digital
[pictured: Red Wings Airlines Tupolev Tu-204 RA-64043; photo courtesy,]


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